New Mexico Living Trust Attorney

Would life in New Mexico be better if your estate planning were
done? Knowing that you have a will and a living trust in place is a
carefree feeling. Maybe it's time to talk to a New Mexico living trust
attorney.

While a living trust does not replace the need for a will it can be a
very valuable addition to your estate planning. Guardianship of
children and pets as well as any property not in your trust should be
placed in a will. Normally, the items in a will go to probate court
after your death and the items in a trust do not. Keeping property out
of probate court can save large amounts of time and money for your
heirs.

Avoiding the expense of probate court is just one of
the advantages of a living trust. There are certain tax advantages that
can be very lucrative for larger estates. The Estate Tax Credit, as
mandated by Congress, currently shelters up to two million dollars in
estate value. Owners of estates larger than that should definitely
consult with an estate planning expert and learn the benefits of a
living trust as they pertain to you, and the New Mexico tax laws. These
state laws remain the same regardless of whether you live in
Albuquerque, Santa Fe or Farmington. And no one knows these laws better
than a New Mexico living trust attorney.

In most cases a living trust, unlike a will, cannot be contested.
Your successor trustee will file simple documents moving property out of
the trust and assigning it to individuals in accordance to your wishes.
This is an effective tool to keep your heirs from fighting over your
estate when you pass on.

A simple trust is usually
straightforward and uncomplicated. Of course, the larger the estate, the
more complicated it gets. There are many situations where it would be
wise to hire an expert. If you do it yourself, websites such as Legal Zoom and NOLO provide valuable information. The forms, the software and even the do it yourself books are all available.

When
the purpose of your living trust goes beyond just avoiding probate
court it might be worth hiring an attorney to get all of the right
paperwork in order for you. Sometimes the advice given by an expert is
worth many times the cost. Finding a qualified New Mexico living trust
attorney should be easy. There are places like Legal Match that are ready to help.

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